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Zepto: Zepto in talks for $300 million raise at $2.5-3 billion valuation

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

Zepto in talks for $300 million raise at $2.5-3 billion valuation, ET Retail

Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.

Zepto's $300 million funding; Meta taps Reliance for data centre

The Mumbai-based Zepto is eyeing a valuation of around $2.5-3 billion, as against the $1.4 billion it was assigned on turning unicorn last year, sources said. This is a huge bump up amid a largely sluggish funding market even for Zepto which has been growing fast.

Financial freedom for women; Inside the world of content creation

Financial freedom for women; Inside the world of content creation

Financial freedom for women; Inside the world of content creation

Quick commerce consumers make a splash with colour sales

India Business News: Mumbai: Zomato's Blinkit and Swiggy's Instamart seem to have made brisk business on Holi as Indians took to quick commerce platforms to shop for gulaa.

Quick commerce Holi sales: Blinkit, Swiggy Instamart see record sales of colours, sweets on Holi weekend

Blinkit, Swiggy Instamart and Zepto saw record sales of Holi items like colours (gulaal), sweets, snacks and coconut oil. Quick-commerce companies are known to cash in on festive days and topical themes such as Diwali, Dhanteras and Republic Day to bump up sales.

Painting the town green: Quick-commerce companies see sales surge on Holi

It has now become common for such companies to keep clocking their highest-ever OPMs on such occasions as the sector matures and more customers warm up to the idea of instant delivery of items beyond groceries

Business News | Top 10 Most Influential Indian Entrepreneurs You Must Watch in 2024

Get latest articles and stories on Business at LatestLY. New Delhi [India], March 13: India, with its burgeoning entrepreneurial landscape, continues to produce visionary leaders who are reshaping industries and inspiring millions. Here's a curated list of the top 10 Indian entrepreneurs poised to make significant waves in 2024: Business News | Top 10 Most Influential Indian Entrepreneurs You Must Watch in 2024.